MGO One Seven LLC Raises Holdings in Workday, Inc. $WDAY

MGO One Seven LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 24.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,736 shares of the software maker’s stock after purchasing an additional 345 shares during the quarter. MGO One Seven LLC’s holdings in Workday were worth $417,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Private Trust Co. NA raised its holdings in Workday by 15.2% in the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after buying an additional 42 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after acquiring an additional 46 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Workday by 0.4% in the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after acquiring an additional 46 shares during the period. Bristlecone Advisors LLC lifted its holdings in shares of Workday by 1.6% in the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock worth $693,000 after acquiring an additional 47 shares during the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Workday by 4.0% during the 1st quarter. Equitable Trust Co. now owns 1,257 shares of the software maker’s stock worth $294,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

WDAY has been the topic of a number of research analyst reports. TD Cowen cut their target price on Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Barclays boosted their price objective on Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. JMP Securities reiterated a “market outperform” rating and set a $315.00 price target on shares of Workday in a research note on Wednesday, September 17th. Finally, Zacks Research raised shares of Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $287.83.

Insider Buying and Selling

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the sale, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at $39,189,026.16. The trade was a 3.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the transaction, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This represents a 18.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock valued at $61,475,760 over the last 90 days. 19.31% of the stock is currently owned by corporate insiders.

Workday Stock Up 2.9%

Shares of NASDAQ:WDAY opened at $234.25 on Friday. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The firm’s 50 day moving average price is $231.31 and its 200 day moving average price is $236.76. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market cap of $62.54 billion, a price-to-earnings ratio of 108.45, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.